To: DebtAndDelusion
Both commodities are market driven.
Let me say that again - MARKET DRIVEN.
Comparing the price of gold to the price of oil is like comparing the price of cantaloupe melons to ice cream. NOT CORRELATED.
5 posted on
07/09/2006 6:43:31 PM PDT by
roaddog727
(Bullsh## doesn't get bridges built.)
To: roaddog727
Comparing the price of gold to the price of oil is like comparing the price of cantaloupe melons to ice cream. NOT CORRELATED.
''''''''''''''''''''''''''''''''''''''''''''''''''''''
The prices may be correlated, they might not be causally related however.
8 posted on
07/09/2006 6:48:35 PM PDT by
photodawg
To: roaddog727
Both commodities are market driven. Let me say that again - MARKET DRIVEN. Comparing the price of gold to the price of oil is like comparing the price of cantaloupe melons to ice cream. NOT CORRELATED. Actually, this is a very good indicator. The Oil/Gold ratio has gone below 10 three times in the past 30 years. And gold has gone up an average of 15.5% each time the following year. Now, I am not saying this is a sure bet. However, the probability of Gold going up is very high. In so many words, it is a low risk investing idea.
12 posted on
07/09/2006 7:16:47 PM PDT by
John123
(Yep, GWB is to blame because the housing ATM racket is over...)
To: roaddog727
Let me say that again - MARKET DRIVEN. <<<
Ok...but so is a Ponzi scheme!!...the problem is a MANIPULATED MARKET!!... (here's one place to start >>
http://www.investmentrarities.com/06-19-06.html
Let me say that again - MARKET MANIPULATION.
15 posted on
07/09/2006 7:35:35 PM PDT by
M-cubed
(Why is "Greshams Law" a law?)
To: roaddog727
Both commodities are market driven. Rather than go on the gold standard for our currency maybe we should go on the oil standard.
17 posted on
07/09/2006 7:45:43 PM PDT by
FreedomCalls
(It's the "Statue of Liberty," not the "Statue of Security.")
To: roaddog727
"Comparing the price of gold to the price of oil is like comparing the price of cantaloupe melons to ice cream. NOT CORRELATED."
Not really - all prices are correlated given no shifts in the supply and demand curves.
There is a big shift in the demand curve for oil because of all the saber rattling since 9/11.
It can't keep up forever.
20 posted on
07/09/2006 7:54:07 PM PDT by
spanalot
To: roaddog727
"the price of cantaloupe melons to ice cream. NOT CORRELATED."
Dead wrong. Correlated, but weakly: in a gelato shop in Florence they used to have a an excellent melon-flavored ice cream.
23 posted on
07/09/2006 7:57:50 PM PDT by
GSlob
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